2024

Donald Trump

when

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>This new platform allows you to place bets on whether <a href="https://www.altcoinbuzz.io/?s=donald+trump" target="_blank" rel="noopener">Donald Trump</a> will win or lose the election. </strong></h4> 
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     It offers an interesting way to do so with leverage. Let’s discover more about this important launch for dYdX.
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<h5><strong>What Is the TRUMPWIN-USD Market?</strong></h5> 
<p>In this prediction market, you can place a “yes” or “no” bet on Trump winning the election. Each market will either settle at $0 or $1 based on the election outcome. The price you see reflects how much it will cost to make your bet.</p> 
<p>For example, if the market price for Trump winning is $0.58, that means you think he has a 58% chance of winning. You can also go long (betting on him to win) or short (betting on him to lose) with up to 20x leverage. This is more flexible than traditional prediction markets.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">So the Trump perp prediction market is now available on dYdX.</p> 
 <p>If you’re curious to see how it works, give this video a watch <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/HEH4RdKMEl">https://t.co/HEH4RdKMEl</a> <a href="https://t.co/fGDetn7DHo">pic.twitter.com/fGDetn7DHo</a></p> 
 <p>— dYdX (@dYdX) <a href="https://twitter.com/dYdX/status/1846473294230221244?ref_src=twsrc%5Etfw">October 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>How Does the Settlement Work?</strong></h5> 
<p>Here’s the scoop: around November 5th, when the election results are in, the market will settle at one of two prices:</p> 
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 <li><strong>$1</strong> if Donald Trump wins the election.</li> 
 <li><strong>$0</strong> if he loses.</li> 
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<p>Let’s say you decide to put down $10,000 on Trump to win with 20x leverage. If he wins, and the price moves from $0.58 to $1, your position value would be $200,000. Here’s how the math works out: Profit = (1 – 0.58) × 200,000 = 0.42 × 200,000 = $84,000.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">dYdX just launched a TRUMPWIN-USD Prediction Market.</p> 
 <p>This integration will give users the opportunity to bet on the US election with leverage. You can place either a yes or no bet on a market, with each market either settling to $0 or $1 and the price of the bet is the price it… <a href="https://t.co/oLwk9x9GgY">pic.twitter.com/oLwk9x9GgY</a></p> 
 <p>— Route 2 FI (@Route2FI) <a href="https://twitter.com/Route2FI/status/1846541107745669470?ref_src=twsrc%5Etfw">October 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>So, if Trump wins, your total profit from a $10,000 bet would be $84,000. But hold your horses—there’s a catch. With 20x leverage, your liquidation price would be close to a 5% move against your position. This means if the price drops to around $0.551, you could lose your bet.</p> 
<h5><strong>Selling Your Position</strong></h5> 
<p>Another cool feature of this trading market is that you can sell your position at any time. If the market price goes up, you can lock in your profits before the election results come in.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Trump takes the lead in the U.S. election <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>just gna leave this here</p> 
 <p>Visit dYdX <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/oCQIGSs0p5">https://t.co/oCQIGSs0p5</a> <a href="https://t.co/Sg11RW67WF">pic.twitter.com/Sg11RW67WF</a></p> 
 <p>— dYdX (@dYdX) <a href="https://twitter.com/dYdX/status/1846593195150311717?ref_src=twsrc%5Etfw">October 16, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>If you’re already holding “yes” shares on another platform, <a href="https://www.altcoinbuzz.io/?s=Polymarket" target="_blank" rel="noopener">Polymarket</a>, and are worried about losses, you can protect yourself by opening a short position on dYdX. This is called a delta-neutral strategy, and it can help you earn from funding rates while minimizing risk.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/dydx-launches-trumpwin-usd-prediction-market/">dYdX Launches TRUMPWIN-USD Prediction Market</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

dYdX Launches TRUMPWIN-USD Prediction Market

Altcoin Buzz

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